M+W Group acquires North West company

Wednesday, 17th October 2012

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The group, which has its UK headquarters in Chippenham, has acquired Bury-based Senior Hargreaves for an undisclosed sum.

Senior Hargreaves is a provide of air movement and ventilation ductwork services. It was founded in 1872, originally trading as Henry Hargreaves and Sons, prior to acquisition by the Senior Engineering Group in 1957.

A one-off contribution of £6m is to be made to the Senior plc Pension Plan as part of the deal.

Peter Greenhalgh, M+W Group’s UK chief executive, said: “We are very happy to have concluded the acquisition of Hargreaves Ltd. The Hargreaves team has a long history and extensive experience in technology based projects which fits well with our strategic plans for sustained growth in our target markets of science & research, technology manufacturing facilities and energy based programmes.

“We are looking forward to working with the management and the entire team at Hargreaves to deliver exciting plans for the business.”

Tim Hopkinson, Hargreaves chief executive added: “We welcome this news as an extremely positive step forward in the development of the company enabling us to drive overall growth of the company. Like M+W Group, we pride ourselves on our commitment to the development of high standards in the industry which has enabled us to work on many technically challenging and complex projects.

“This move will facilitate the ongoing development of our product portfolio and, crucially, investment in the business and the skills of our people, that can further strengthen our position at the forefront of the industry.”

M+W Group has its global headquarters in Germany and employs more than 7,000 staff worldwide.

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